French Economy and Finance Minister Bruno Le Maire remarked on Friday during the World Economic Forum (WEF) in Davos that the planet has entered "a new era of globalization" with the focus moved from a "market-driven one" to a "political power-driven" situation.
Le Maire spoke against...
Bank of Japan (BoJ) Governor Haruhiko Kuroda estimated on Friday that Japanese inflation will be below 2% overall in fiscal 2023. "So we decided to keep the current extremely accommodative monetary policy for the time being," he said, adding that the BoJ hopes wage growth will start...
European Central Bank (ECB) President Christine Lagarde stressed on Friday during the World Economic Forum (WEF) in Davos that "stay the course" is her "mantra" concerning monetary policy and urged policymakers around the world to do the same to achieve the output recovery.
Lagarde...
International Monetary Fund (IMF) Managing Director Kristalina Georgieva remarked on Friday during the World Economic Forum (WEF) in Davos that the economic situation is "less bad than we feared a couple of months ago" but that "does not mean good."
Georgieva pointed out positive signs...
Monetary policy set by the central banking community was "too expansionary" in previous years, Swiss National Bank Chairman Thomas Jordan said during a panel hosted by CNBC at the World Economic Forum on Friday.
"Probably with the benefit of hindsight monetary policy was all over the place...
Irish Prime Minister (Taoiseach) Leo Varadkar admitted on Friday that he regrets that the Northern Ireland Protocol from the Brexit Withdrawal Agreement was signed without the support of all the communities in that region, namely unionists and nationalists.
"Economically, broadly speaking,...
Ukraine’s Presidential Office head Andriy Yermak (pictured) on Thursday accused Russia of transporting prisoners of war to remote areas in Siberia and torturing them.
While addressing the audience via video link at Davos, Yermak stated that between 900,000 and 1.6 million Ukrainians have been...
Polish President Andrzej Duda announced on Thursday that his government plans to spend 4% of its GDP this year on improving defense capabilities. Speaking at the sidelines of the World Economic Forum in Davos, Duda told reporters that Poland is already making purchases of weapons, including...
South Korean President Yoon Suk-yeol said on Thursday that his country will be a "key partner" in restoring global supply chains. "We will align and cooperate with mutually trusted countries in full compliance with universal rules in order to secure the global supply chain stability," he told the World...
European Trade Commissioner Valdis Dombrovskis (pictured left) remarked on Thursday at the World Economic Forum (WEF) in Davos that the European Union must continue to work on diversification of its gas supply sources.
Dombrovskis commented that the bloc currently has "plenty of gas...
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